Adgex

ADGEX is a company registered with the Australian Securities and Investments Commission that starts three green technology projects. It offers token holders to exchange AGE tokens for shares of the company.

How it works:

ADGEX is a company specialised in green technology that has full support of Australian government. They present three projects, greenBLAZE, energyBRICK and VITIM, that are going to become the first source of revenue to the company. The first two project are a part of Australian governmental program “BioFuture”.

ADGEX is not a startup, it has six years of operation behind it, and the technologies that are going to be crucial in these projects are already developed. The company is registered in the Australian Securities and Investment Commission, which allows it to issue securities. ICO participants will have an opportunity to exchange their tokens to securities.

GreenBlAZE is a mobile solution that transforms all kinds of waste and organics to energy, no separation of waste needed. Out comes electricity, high-octane motor fuel and heat. The machine has the size of 20 ft container. It is autonomous, self-sufficient and does not require connection to external infrastructure. The estimated rate of return is 131,80 %

GreenBlAZE can be tapped directly into the electric grid to distribute the electricity it produces, or it can be stored in energyBRICK. It is a compact battery that can be charged in a matter of minutes. It has bigger lifetime than most solutions on the market, is resistant to short circuits and to temperature fluctuations. Tesla’s battery takes 5 hours to fully charge, energyBRICK takes 15 minutes.

The batteries are modular and can be joined together to form an energy bank. It can be used as backup power supplies, for fast restoration of electricity in an emergency situation or fueling mining farms. The estimated rate of return is 62,35 %

The next project called VITIM is designed by Chief Scientific Officer of the National Institute of Advanced Industrial Solutions and Technologies (AIST, Japan). It allows small and medium scale production of microelectronic components from scratch, making in cheaper and easier.

The technology opens a new market format of independent small manufacturers of “craft” microchips. It is also a platform for mono crystal growth, a basic material of high-tech products. So far estimated demand exceeds supply on this market. The estimated rate of return is 50,4 %

Innovation:

Backed by Australian government, ADGEX presents some market changing technology. GreenBLAZE and energyBRICK allow to significantly enhance energy supply, while making the planed a cleaner place. VITIM is going to open a new frontier for microelectronics.

With AGE tokens exchangeable to the company’s shares, this project can’t receive but the highest mark.

Innovation score: High

Token value:

ICO investors can sell their tokens on a cryptocurrency exchange when the price rises. A more interesting option, however, is to exchange AGE tokens to the company’s shares to receive dividends. The exchange rate is 100 to 1.

Token value score: High

White paper:

The white paper presents key factors that contribute to ADGEX’s probability of success, describes its three projects briefly and outlines at what level of ICO funding should each of them be implemented. Each project has a presentation and a business plan of its own.

In these documents the company presents full descriptions of the projects, their business plans, competitive and risk analysis with financial projections.

White paper score: High

Roadmap:

Each project has its own roadmap with concrete steps on technical side, their timeline and cost of each step.

GreenBLAZE will be completed by the end of 2018, EnergyBRICK and VITAM will be finished in the first quarter of 2019. EnergyBRICK will be launched if the ICO raises $31 mio, VITAM will only be started if the ICO hits its hard cap.

Roadmap score: High

Business model:

ADGEX chooses greenBLAZE, energyBRICK and VITIM as strategic projects for the capitalization of the company as they are expected to show a ROI of up to 100%. Using just these three project is the most pessimistic variant for ADGEX, though. The company plans to release new disruptive green products linked to AGE token.

The company provides business plans and documentation on each project with budgets and financial projections.

Business model score: High

Team:

The company’s managing director is an expert in intellectual property and green technologies. He was working in top management positions since 2007. One of executive directors has more than 20 years of experience in management, risk optimization and strategic planning. The other one led large ASX listed companies.

The official website also features top management of each project, with some people having worked in the Silicon Valley and UN green projects. The company has representatives in EU, Russia and Australia

Two advisors that ADGEX lists are expert in financial management, business strategy, fund raising, and law.

Team score: High

Competitors:

ADGEX provides competition analysis in the white paper. Its rival technologies lack many features ADGEX has. They are not modular, cannot be used to produce many types of energy and fall behind in technical aspects.

Overall thoughts:

However, their seemingly false claim about support of Australian government and the terrible quality of support lead us to suspect that other aspects of the ICO might not be true as well.